Singapore

Enforcement

Singapore: StanChart RM Charged for Unauthorised Access to Customer Data

By Editors | 06/09/2022

The relationship manager used the computers of other bank staff to access the personal information and transactional history of another StanChart employee.

Market Infrastructure

Singapore Cybersecurity Agency Warns of Increasing Cybercrime

By Darien Choong | 04/09/2022

Disparate cyber norms, ecosystems and standards could emerge across the globe due to decreasing reliance on Western technology as a result of geopolitical tensions.

AML / KYC

MAS Fines UOBKH for Business Conduct, AML Failures

By Editors | 31/08/2022

UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.

ESG / Sustainability

More Sustainability Roles Emerging in Finance, Accountancy Sectors

By Editors | 31/08/2022

A study published by ISCA, EY, SMU and SAC identifies three trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals.

Market Infrastructure

Singapore Industry Group Launches New Funds Settlement Utility

By Editors | 31/08/2022

The utility will reduce manual steps, centralise processing, and facilitate reconciliation, thereby reducing settlement time and improving efficiency.

Fintech / Regtech

Grab-Singtel Digital Bank Set to Launch First Financial Product

By Editors | 31/08/2022

GXS Bank will launch a savings account product on 5 September, and expand into wealth and credit products over the coming months.

Singapore to Launch New Work Pass to Draw Overseas Talent

By Editors | 30/08/2022

“We cannot leave any room for investors to doubt or have questions as to whether Singapore remains open,” said Manpower Minister Tan See Leng.

Crypto / Digital Assets

MAS to Strengthen Retail Protections from Crypto Harms

By Manesh Samtani | 30/08/2022

MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.

Crypto / Digital Assets

MAS Seeking Granular Business Activity Info From Crypto Firms

By Editors | 29/08/2022

The exercise is reportedly aimed at gathering information from crypto-related firms in Singapore ahead of planned regulatory changes for the sector.